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IMCO RECYCLING INC. BEGINS SECONDARY OFFERING OF COMMON STOCK

 IRVING, Texas, March 23 /PRNewswire/ -- IMCO Recycling Inc. (NYSE: IMR) today announced the commencement of a secondary offering of 1,483,479 shares of common stock at $12.75 per share. The offering, which is being managed by Merrill Lynch & Co. and Smith Barney, Harris Upham & Co. Incorporated, follows the exercise of certain demand registration rights held by the selling stockholder, Merrill Lynch Interfunding Inc. If the over-allotment option is exercised in full, Merrill Lynch Interfunding's total ownership position of 1,706,000 shares will be sold in the offering.
 Ralph L. Cheek, IMCO Recycling's chairman and chief executive officer, said the offering of the shares results from Merrill Lynch Interfunding's policy of focusing on investments in private companies.
 IMCO Recycling Inc. is the nation's largest independent recycler of aluminum beverage cans, scrap, and dross, and it also recycles magnesium and zinc. Its production facilities are located in Morgantown, Ky.; Rockwood, Tenn.; Sapulpa, Okla.; Uhrichsville, Ohio; and Adrian, Mich. IMCO Recycling's headquarters office is in Irving, Texas.
 This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful. A written prospectus meeting the requirements of Section 10 of the Securities Act of 1933 may be obtained from Merrill Lynch & Co., World Financial Center, North Tower, 250 Vesey St., New York, NY 10281-1201, and Smith Barney, Harris Upham & Co. Incorporated, 1345 Avenue of the Americas, New York, N.Y. 10105.
 -0- 3/23/93
 /CONTACT: Paul V. Dufour of IMCO Recycling Inc., 214-869-6575/
 (IMR)


CO: IMCO Recycling Inc. ST: Texas IN: ENV SU: OFR

PS -- NY014 -- 8515 03/23/93 08:57 EST
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Publication:PR Newswire
Date:Mar 23, 1993
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